Tax
Tax News & IRS Insights for Accounting Professionals
Accounting Today delivers news and analysis for accounting and tax professionals on federal and state tax developments, IRS guidance,information reporting, and operational implications for practices and clients. Our coverage focuses on legislative and procedural shifts that tax practitioners must monitor in planning, compliance, and advisory contexts.
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The Internal Revenue Service is requesting membership nominations for the Information Reporting Program Advisory Committee, a body that provides recommendations to IRS leaders on information reporting and administration issues.
May 3 -
The Internal Revenue Service has selected seven new members for the Advisory Committee on Tax Exempt and Government Entities, a formal body of external stakeholders in the specialized areas of tax-exempt organizations, employee retirement plans, tax-exempt bonds, and federal, state, local and Indian tribal governments.
May 2 -
Not surprisingly, the National Taxpayer's Union sees nothing but downside to the Streamlined Sales and Use Tax Agreement.
May 1 -
The Internal Revenue Service's tough stance on settling the "Son of Boss" tax shelters matches the call by the IRS Oversight Board for increased compliance funding, as well as the tax gap findings of the National Research Program. Together, they signal a sea change from the kinder, gentler, post-1998 hearings IRS.
May 1 -
Washington - The Winter 2004-2005 Statistics of Income Bulletin, a quarterly compilation of information on various topics from federal tax returns and other documents, has been released by the Internal Revenue Service.
May 1 -
It's official: Taxpayers who file paper returns are in the minority, the Internal Revenue Service reported.
May 1 -
In a move that promises to have far-reaching consequences for global operations and international tax compliance, the Supreme Court ruled that defendants who evaded Canadian taxes by smuggling large quantities of liquor into Canada from the United States could be prosecuted in the U.S. under federal wire fraud laws.
May 1